//
you're reading...
Daily History

November 15, 1867 – First stock ticker debuts


Stock Ticker 1867

Stock Ticker 1867

On November 15, 1867, the first stock ticker is unveiled in New York City. The advent of the ticker ultimately revolutionized the stock market by making up-to-the-minute prices available to investors around the country.

Prior to this development, information from the New York Stock Exchange, which has been around since 1792, traveled by mail or messenger.

The ticker was the brainchild of Edward Calahan, who configured a telegraph machine to print stock quotes on streams of paper tape (the same paper tape later used in ticker-tape parades).

The ticker, which caught on quickly with investors, got its name from the sound its type wheel made.

The last mechanical stock ticker debuted in 1960 and was eventually replaced by computerized tickers with electronic displays.

A ticker shows a stock’s symbol, how many shares have traded that day and the price per share.

It also tells how much the price has changed from the previous day’s closing price and whether it’s an up or down change.

A common misconception is that there is one ticker used by everyone. In fact, private data companies run a variety of tickers; each provides information about a select mix of stocks.

www.history.com

About Craig Hill

Teacher and Writer. Writing has been cited in New York Times, BBC, Fox News, Aljazeera, Philippines Star, South China Morning Post, National Interest, news.com.au, Wikipedia and others.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

If you liked what you just read, click "Subscribe" to become a follower of the Craig Hill site. You will receive an email each time a new post is published.

Join 18,420 other subscribers

Follow me on Twitter

%d bloggers like this: